Digital Finance Could Deliver $17 Billion Annual Boost for Australia

A report from the Digital Finance Cooperative Research Centre says Australia could unlock 24 billion Australian dollars ($17 billion) annually from advances in tokenized markets and digital assets, but only if lawmakers start moving forward with regulation. The report, titled “Unlocking Australia’s $24b Digital Finance Opportunity,” was published on Monday.

It identifies regulatory uncertainty, coordination challenges and limited pathways for pilot projects to grow as the biggest constraints. The DFCRC recommends establishing a sandbox for testing tokenized financial market use cases, which would foster ongoing collaboration between regulators and industry participants and improve licensing frameworks.

The research group also suggests deploying tokenized government bonds and a wholesale central bank digital currency in the sandbox to underpin the development of tokenized markets, collateralized lending and related financial services.

Australia

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